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Southwest Bancorp Inc
OASBR (OKSB) is a bank holding company for Bank of Oklahoma, financial services are offered, including loan products such as commercial loans, personal loans, and loans secured by single-family residences, as well as deposit products such as checking accounts, savings accounts, money market accounts, and certificates of deposit. One branch is located in Tulsa, Oklahoma.
The company has a market capitalization of $1.68 billion and employs 120 people. Or trades under OKSB. The stock has a P/E ratio of 14.97, and the company pays a dividend yield of 3.08%.
In the last year, the stock price has decreased by -12.33%
Southwest Bancorp, Inc. Third Qaurter Earnings:
OKSB'S earnings for the third quarter of 2022 have been released, and they reveal a profit of $17.3 million, or $0.77 earnings per share (EPS). That compares with a profit of $13.4 million, or $0.59 EPS, one year ago.
Third-quarter interest income was $31.5 million, a 37.15% rise year over year. Southwest's interest income for the nine months ended September 30, 2L22, was $84.5 million, a 35% rise over the $62.8 million in interest revenue generated throughout the comparable period.
The company's net interest margin for the quarter was 3.8%. Additionally, in the third quarter of 2022, the business paid dividends of $.47 per share or $2.87 million.
At September 30, 2022, the firm has assets of $2.3 billion, up from $2.2 billion 12 months earlier. Loans outstanding increased to $1.5 billion from $1.3 billion. Bank of Oklahoma's loan-to-deposit ratio as of September 30, 2022, was 76.75%. The business had $218.3 million in securities available for sale.
Southwest's capital ratios improved at the end of the third quarter of 2022. As of September 30, 2022, Southwest had a Tier 1 leverage ratio of 9.92%, up from 8.92% one year earlier. The tangible book value per share increased to $24.51 from $23.24 one year earlier.
Outstanding shares as of November 7, 2022: 6.86 million.
The holding company uses its bank subsidiary to offer a wide range of financial services. Personal loans, commercial loans, and loans backed by one- to four-family residences are all acceptable loan types. Additionally, the corporation provides funds for home mortgages. Depositors can also benefit from savings accounts, checking accounts, money market accounts, and certificates of deposit. Only one branch of the business is located in Tulsa, Oklahoma. With a market value of $1.68 billion, it trades on the NASDAQ.